Managing operational risk in fund investments has been a topic of discussion for a number of years. In 2003, a Capco whitepaper entitled “Understanding and Mitigating Operational Risk in Hedge Fund Investments” concluded that over 50% of hedge fund failures were due to operational risk. The paper also concluded that this risk could be mitigated through the concept of “Operational Due Diligence” (ODD).
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Many financial institutions are well on their way in their transition to a CECL allowance estimate. They are reviewing and refining results, operationalizing their process preparing documentation and engaging with auditors. With the adoption date less than two months away, here are some additional key considerations to finalize.
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Commercial loan originations have experienced steady growth over the past 10 years. The Mortgage Bankers Association now forecasts record loan volume in 2019 and continued growth in 2020 driven by the low interest rates and strong demand for commercial and multifamily assets.
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Within the current low-yield environment and growing regulatory workload, the mortgage industry faces real and ongoing challenges to reduce operational costs. At the same time, lenders need to be nimble and agile to respond to borrower and investor demands.
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You can outsource routine, repetitive data management and gain a range of benefits that improve current operations and position you better for future business. Vendors can collect, aggregate, normalize and cleanse data; identify and remediate exceptions; and deliver ready-to-use data to your systems for you.
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Whether you manage one property or multiple sites, like most property managers you probably spend a good portion of your day on the road or in the field. Inspecting units, sidewalks and roofs and meeting contractors, tenants, city officials, attorneys, brokers, staff and owners requires a lot of time outside the office.
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Retirement plans are under increasing regulatory pressure to achieve positive outcomes for their participants. At the same time, competitive pressures continue to escalate, making it increasingly difficult for providers to evolve their business, achieve greater profitability, and deliver optimal customer experiences.
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Digital transformation is more than a few one-off enhancements for a business—it’s an evolution through constant change and business realignment. Businesses that introduce technologies like artificial intelligence and process automation will enjoy a competitive edge in keeping up with trends.
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